Sec Form 4 Filing - DAVIS JERRY W @ BANK OF THE OZARKS INC - 2005-01-20

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DAVIS JERRY W 2. Issuer Name and Ticker or Trading Symbol BANK OF THE OZARKS INC [ OZRK] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 12615 CHENAL PARKWAY, P.O. BOX 8811 3. Date of Earliest Transaction (MM/DD/YY) 01/20/2005 (Street) LITTLE ROCK72231-8811 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/20/2005 M 4,000 A $ 5.578 32,000 D Common Stock 01/20/2005 M 4,000 A $ 4.797 36,000 D Common Stock 01/20/2005 M 4,000 A $ 4.313 40,000 D Common Stock 01/20/2005 M 4,000 A $ 3.658 44,000 D Common Stock 01/20/2005 M 4,000 A $ 8.47 48,000 D Common Stock 01/20/2005 M 2,000 A $ 15.74 50,000 D Common Stock 01/20/2005 M 1,000 A $ 24.84 51,000 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, con vertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Employee Director Stock Option (Right to Buy) $ 5.578 01/20/2005 M 4,000 09/15/1998 09/15/2008 Common Stock 4,000 $ 5.578 0 D Non-Employee Director Stock Option (Right to Buy) $ 4.797 01/20/2005 M 4,000 04/21/1999 04/21/2009 Common Stock 4,000 $ 4.797 0 D Non-Employee Director Stock Option (Right to Buy) $ 4.313 01/20/2005 M 4,000 04/19/2000 04/19/2010 Common Stock 4,000 $ 4.313 0 D Non-Employee Director Stock Option (Right to Buy) $ 3.658 01/20/2005 M 4,000 04/18/2001 04/18/2011 Common Stock 4,000 $ 3.658 0 D Non-Employee Director Stock Option (Right to Buy) $ 8.47 01/20/2005 M 4,000 04/17/2002 04/17/2012 Common Stock 4,000 $ 8.47 0 D Non-Employee Director Stock Option (Right to Buy) $ 15.74 01/20/2005 M 2,000 04/23/2003 04/23/2013 Common Stock 2,000 $ 15.74 0 D Non-Employee Director Stock Option (Right to Buy) $ 24.84 01/20/2005 M 1,000 04/21/2004 04/21/2014 Common Stock 1,000 $ 24.84 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DAVIS JERRY W 12615 CHENAL PARKWAY P.O. BOX 8811 LITTLE ROCK72231-8811 X Signatures /s/ Shirley Juanita Davis Executrix of Estate of Gerald Wayne Davis 01/21/2005 Signature of Reporting Person Date

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